Filinvest


Filinvest Development Corporation is the publicly listed holding company for the various firms in the Filinvest group. It was established in 1955 in the Philippines by Andrew L. Gotianun Sr. and his wife, Mercedes Gotianun, as a used-car financing company. It has holdings in real estate development and leasing, the sales of housing units, and hotel and resort management, banking and financial services, sugar and power. It is based in Metro Manila, Philippines, and is owned by the Gotianun family.
Filinvest Development Corporation is involved in the hotel and tourism industry, and owns the hotel brands Crimson and Quest, the latter of which is a new value-brand hotel. In September 2014, it was reported that it planned on opening 5,000 hotel rooms within five years. At that time, company officials stated that it had over 1,000 hotel rooms. During this time it was also reported that the company was building seven hotels, two of which will be under the new Quest value brand.
In 1996, the company owned approximately 4,000 acres "of prime real estate around Manila", along with land in Cebu and Fort Bonifacio.

Subsidiaries

Banking and finance

Utilities

  • FDC Utilities, Inc. – a wholly owned subsidiary of the Filinvest Development Corporation.

Hospitality

Filinvest hotels are managed through subsidiaries Filinvest Hospitality Corporation and Chroma Hospitality, Inc., a joint venture with Archipelago International of Indonesia, respectively. The earlier, a wholly owned subsidiary was formed to serve as the
primary developer and owners’ representative of Group-owned properties. On the other hand, through Chroma, FDC caters to various segments of the hospitality sector through the 5-star Crimson brand, 3-star Quest brand and Crimson Resort and Spa in Boracay.

Real estate

Transportation

Others

  • ALG Holdings, Inc.
  • Filinvest Asia Corporation
  • Davao Sugar Central Corporation
  • Pacific Sugar Holdings